Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$16,723$16,723$539,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$523,276$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%7.694%7.640%
1st payment$98.90$98.90$3,738.84
2nd payment$0.00$3,379.49$0.00
Taxes / mo$265.92$265.92$265.92
Insurance / mo$166.67$166.67$166.67
MI / mo$12.72$12.72$108.00
HOA / mo$40.00$40.00$40.00
Total monthly$584.20$3,963.69$4,319.43
Cash to close$583,276$60,000$60,000